CPA Blog

CPA & Accounting Topics for Business
Dec
06

Maximize Your Client Gift Deductions - Small Business CPA in The Woodlands

Maximize Your Client Gift Deductions - Small Business CPA in The Woodlands
During the holiday season, most of us small business owners like to give gifts to our customers and clients to thank them for their business. Unfortunately, the IRS doesn't offer much of a deduction for business gifts to clients - only $25 per person, per year. Why the low limit? The...
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  842 Hits
842 Hits
Nov
22

Deduct Employee Holiday Gifts - Houston Business CPA

Deduct Employee Holiday Gifts - Houston Business CPA
Before you give out this year's bonuses, awards, or gifts, consider the tax implications - both to your own business taxes and to your employee's income taxes. These little extras carry tax implications for both you and your employees.Two things you must consider... First, is the bonus, award, or gift taxable...
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  1039 Hits
1039 Hits
Nov
18

Holiday Party Tax Deductions - Houston Business CPA

Holiday Party Tax Deductions - Houston Business CPA
Last year, I told you how you can fully deduct your company's annual employee holiday party in the article "Deduct Your Employee Christmas Party". To recap, employee holiday parties, annual picnics, summer outings qualify for a 100% deduction of the costs as long as the event is "primarily" for the benefit...
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  880 Hits
880 Hits
Oct
25

2013 Small Business Year End Tax Planning

2013 Small Business Year End Tax Planning
We are getting towards the end of the year and now is the time to review tax plans for any updates we should make, project the 2013 taxes, and implement 2014 tax plans. Tax planning is a challenge this year. There are many tax provisions expiring or changing this year which...
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  1084 Hits
1084 Hits
Oct
14

How to Prepare and File 1099s - Small Business CPA The Woodlands

How to Prepare and File 1099s - Small Business CPA The Woodlands
Last week, we talked about the penalties the IRS charges for not complying with all 1099 reporting requirements. The penalties range from $30-$100 per 1099 for filing late and up to $250 per 1099 if you intentionally fail to issue them. You also run the risk of facing perjury charges which...
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  977 Hits
977 Hits
Oct
04

The Importance of 1099s

The Importance of 1099s
Last week, we talked about penalties associated with undeclared income. Undeclared income is a big problem for the IRS. The IRS estimates that $450 billion is undeclared annually. They claim that over the past thirty years undeclared income has ranged from 16 to 20 percent of total tax liability. Some estimates...
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  841 Hits
841 Hits
Sep
27

Small Business Accounting for The Woodlands

Small Business Accounting for The Woodlands
Our firm provides full range of small business accounting and small business bookkeeping services to our clients in The Woodlands. The accouting and bookkeeping services including financial statement preparation, QuickBooks® support, business consulting, IRS representation, cash flow management and more.Your small business accounting relies on accurate and insightful financial information in...
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  768 Hits
768 Hits
Aug
19

Federal and State Employment Taxes

Federal and State Employment Taxes
As a SMB owner, you are required to withhold employee payroll taxes and make federal and state payroll tax payments to the government, as well as filing the proper reporting and informational returns. The money withheld from the employees is held in trust by the business owner. It is not for...
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  881 Hits
881 Hits
Aug
16

The Scariest Tax... Payroll Taxes - Houston Small Business CPA

The Scariest Tax... Payroll Taxes - Houston Small Business CPA
Do you want to go to jail? Then don't pay your payroll taxes. If you don't believe me, check out the IRS website here. They actually publish a list of the cases that they successfully prosecute and send to jail. According to the Journal of Accountancy, there is an 86% chance...
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  778 Hits
778 Hits
Aug
09

Texas Franchise Tax

Texas Franchise Tax
Texas has a reputation for being a "pro" business state. Our state "PR" machine tells everyone there isn't an income tax so "bring your business to Texas". Well, that is not all together true. For businesses there is an income tax.....actually it is a tax on the "gross margin" of the...
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  856 Hits
856 Hits
Aug
02

Don't Mess with Texas... Franchise Taxes - Houston Business CPA

Don't Mess with Texas... Franchise Taxes - Houston Business CPA
Texas has a reputation for being a "pro" business state. Our state "PR" machine tells everyone there isn't an income tax so "bring your business to Texas". Well, that is not all together true. For businesses there is an income tax.....actually it is a tax on the "gross margin" of the...
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  953 Hits
953 Hits
Jun
21

Small Business Crisis Management - Houston Business CPA

Small Business Crisis Management - Houston Business CPA
Lately, there seems to be a new national scandal or crisis in the headlines on a daily basis. Our government agencies have been filled with them. We've got Benghazi, IRS targeting certain groups, the NSA surveillance of American citizens, & the DOJ recording AP journalists phone calls. This epidemic of government...
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  807 Hits
807 Hits
May
31

Avoid Capital Gains Tax By Exchanging Real Estate with 1031 Exchanges - Houston Small Business CPA

Avoid Capital Gains Tax By Exchanging Real Estate with 1031 Exchanges - Houston Small Business CPA
The real estate market in Houston is heating up!!! Just one problem..... with the recent increase in capital gains tax to 20% in addition to the 3.8% Medicare Tax that was part of the Health Care Act, sellers will be taking home less money than they would have last year. As...
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  902 Hits
902 Hits
Apr
26

Turn Your Business Trip into a Vacation

Turn Your Business Trip into a Vacation
This week we are continuing our series on Tax Deductible Vacations.  Last week we discussed how you can deduct expenses related to having your spouse accompany you on a business related trip.  Now let's step it up and see how we can deduct an entire weekend of vacationing using The Sandwich...
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  760 Hits
760 Hits
Mar
22

Small Business Owners Hire Your Child to Pay For College Tuition

Small Business Owners Hire Your Child to Pay For College Tuition
Last week we talked about implementing an Educational Assistance Program in your small business to help pay for your child's college. If that tax-saving strategy wouldn't work for your business situation, there is another strategy small business owners can use to build their kid's college nest egg. However, this tax strategy...
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  888 Hits
888 Hits
Mar
15

Small Business Owners Can Deduct Children's College By Implementing an Educational Assistance Program

Small Business Owners Can Deduct Children's College By Implementing an Educational Assistance Program
Many of you know I have two children in college. One is completing his master's degree and the youngest is completing her Bachelor's degree. Both are doing well in school and I am very proud of them.I am fortunate in that my children both received lot's of scholarships to get them...
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  770 Hits
770 Hits
Mar
09

Small Business Essentials... Part 2

Small Business Essentials... Part 2
Last week we wrote about three fundamental issues you need to watch in your business. Today, we will cover two more problems I see with in our clients.Key EmployeesLast week, I wrote about the risk of more than 50% of your revenue coming from one client... but what about if 50%...
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  770 Hits
770 Hits
Mar
01

Small Business Essentials... Part 1

Small Business Essentials... Part 1
Most small business people start a business without any idea of the true challenge they are facing. I felt like that when my first child was born. Being a good Dad or Mom is lot's of work. You constantly change and adapt your parenting methods as your child grows. The same...
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  816 Hits
816 Hits
Feb
22

Small Business... Golden Eggs? Or the Good that Lays Them?

Small Business...  Golden Eggs? Or the Good that Lays Them?
Whenever we get a new SMB (small midsize business) client, the client is usually in some sort of emotional pain. Most of the time, the pain is the result of not making accounting for their business a priority. I understand why people don't make it a priority. It's boring, it's difficult...
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  914 Hits
914 Hits
Feb
15

Charitable Contributions as a Business Expense

Charitable Contributions as a Business Expense
Our small business clients are generous people, contributing thousands of dollars this year to charities, churches and other organizations. While the charitable deduction in the tax code encourages people of financial means to help their fellow citizens - most simply do it for the goodwill of helping others. But, our SMB...
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  1225 Hits
1225 Hits
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About You

Over decades of working with various types of businesses we have discovered Fisher is the perfect fit for clients who demonstrate the following characteristics.

1

Your business has already proven to be successful through continued growth.

2

Your market has a real need for your product and/or service.

3

You are an independent thinker.

4

You are not a follower but instead you tend to lead or aspire to lead in your market.

5

You understand the importance of learning how to improve your financial navigation.

6

You are teachable despite of your previous success and you continue to seek personal development.

7

You are actively seeking to improve your business.

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